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rolpace88 rolpace88
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8 years ago
Jake's Janitorial Service the company assets are cash $26,000, accounts receivable $60,000, merchandise inventory $70,000, equipment $96,000. The liabilities are accounts payable $19,000, wages payable $12,000; mortgage note payable $87,000. The owner's capital is $134,000. Find the percent of total debt compared to total assets.
A) 46.8%
B) 61.9%
C) 53.2%
D) 42.1%
Textbook 
Business Math

Business Math


Edition: 10th
Authors:
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MillionMillion
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8 years ago
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rolpace88 Author
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#2
8 years ago
Wonderful, thx.
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#3
8 years ago
Great, please mark the topic solved!
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#4
4 years ago
THANKS
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